Brazil, Oct. 29 -- IFC, a member of the World Bank Group, has made a strategic investment in America Embalagens, a major Brazilian manufacturer of rigid plastic packaging, to support the expansion and modernization of the company's largest plant, located in the state of Sao Paulo.Brazil leads plastic production in Latin America and the Caribbean, a region responsible for 15.7 million tons annually-equivalent to 3.8% of global production. In 2024, more than 20% of the waste generated from the 8,000 tons of plastic consumed in the country was reused as raw material. This result represents an 8% increase compared to the previous year. The expectation is that the share of recycled material will continue to grow, also boosting the production of ...